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sale of gold and jewellery

vijay mohan (138 Points)

31 March 2019  
sale of ancestral gold and self acquired gold and gifts at the time of marriage attracts long term capital gains.

 1 Replies

Neha Pahuja (122 Points)
Replied 31 March 2019

Yes Sale of ancestral property whether gold or any other property is taxable even though received on occassion of marriage or by will/inheritance... type of capital gain depends on periodicity..

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